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In December 2019, Fulana bought a new BMW car for $ 60,000 paying $ 15,000 suddenly. She agreed with Bank XYZ to pay the balance
In December 2019, Fulana bought a new BMW car for $ 60,000 paying $ 15,000 suddenly. She agreed with Bank XYZ to pay the balance making equal annual payments in 6 years, at 9% of interest. A. Determine the amount of the annual payment that will pay off the debt. B. Make the amortization table
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
